The percentage of Americans that own a home has fallen to the lowest level ever recorded. During the second quarter of 2016, the non-seasonally adjusted homeownership rate fell to just 62.9 percent, […]

The middle class is feeling the squeeze, cutting spending on discretionary items and activities while costs on larger-ticket necessities have risen. The Wall Street Journal analyzed consumer-spending data from the Bureau of […]

For everybody wondering why the economic recovery feels like a recession, here’s the answer: We’re still at least five years away from regaining everything lost during the 2007-2009 downturn. Forecasting firm IHS Global Insight predicts that real median household income — perhaps the best proxy for middle-class living standards — won’t reach the prior peak from 2007 until 2019.

About Michael Snyder

Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years. Today, Michael is best known for his work as the publisher of The Economic Collapse Blog and The Most Important News. Michael and his wife Meranda believe that a great shaking is coming, but that there will also be a great awakening in the midst of that shaking. For much more on what Michael believes, and to learn how you can become a Christian, please visit "The Most Important Thing" which is the most important page on this entire website. In addition, please visit Michael's Bookstore to see what Michael is personally recommending to his readers.

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